Hi Steemit friends,
Swedish e-Krona
So i saw an interview with Lynette Zhang on youtube mentioning Sweden and the centralbank and their plan to issue e-Krona.
I started to search the internet and found the following...
The VP Cecilia Singsley of the cengralbank in Sweden held a conference here in Stockholm 2016 about e-Krona crypto solution for the swedish citizens.
Below is a short text from the transcript
Should the Riksbank issue electronic means of payment in the same way as we now issue cash? This is a natural question for a central bank, as technological advances create new opportunities, as the printing press once upon a time made it possible to print banknotes. Banknotes were a complement to the minted coins, and are so today too. Similarly, an electronic means of payment, say an e-krona, could be a complement to physical cash. This is the question I intend to discuss today. The question is particularly relevant for us in Sweden, as cash is being used to a declining extent and is sometimes difficult to get hold of.
The Riksbank has not decided to issue e-krona yet, but to investigate the possibilities. The low use of cash in Sweden means that this is more of a burning issues for us than for most other central banks. Although it may appear simple at first glance to issue e-krona, this is something entirely new for a central bank and there is no precedent to follow.10 There is a long list of fundamental questions that need to be answered. Let me give you a few examples.
Her is the link below to the entire document
http://www.riksbank.se/sv/Press-och-publicerat/Tal/2016/Skingsley-Borde-Riksbanken-ge-ut-e-kronor/
Here is also a short youtube video with Cecilia Skingsley regarding the e-krona. Its only in Swedish, sorry.
Riksbankens whitepaper 2017 for e-Krona
Below is the project plan you can find the whitepaper in the link in the end of this post.
Project plan
PHASE 1: Develop a concrete theoretical proposal for the e-krona and a system for the e-krona 2017
PHASE 2: Work out regulations, operational proposals/technologies 2018
PHASE 3: Possible development and implementation 2019
More details in the the link below
http://www.riksbank.se/Documents/Avdelningar/AFS/2017/Projektplan%20e-kronan_170314_eng.pdf
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Honestly Sweden is more and more moving away from using cash so they should start considering implement some kind of electronic coinage.
But how, what kind and all that those details will decide whether the system will work or not.
Plus they must also consider security from hackers and such issues so it is mostly likely we will probably be seeing some kind of e-krona or such within the next decade.
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